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Friday, May 2, 2014

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Bata falls 6% on SSS growth woes
Shares of Bata India  fell 6 percent after it reported mute growth in March quarter earnings. Its earnings were below estimates of most analysts on the street with same store sales growth at 3-4 percent versus estimates of 4-5 percent.

M&M falls 2% on low April sales, unseasonal rains impact
Shares of M&M slumped over 2 percent, as its sales in April were low. It reported 11 percent decline in total tractor sales at 20,731 units in April. The company had sold 23,202 units in the same month last year.

IDBI up 5%, co confident of improving asset quality in FY15
Shares of IDBI Bank jumped over 5 percent as it is reacting positively to its March quarter results. Its March quarter operating profit rose 16 percent to Rs 1850 crore while net interest income grew 9 percent to Rs 1574 crore.

Maruti Suzuki stock down on weak sales

Shares of Maruti Suzuki India was down 1% after reporting 11.4% year-on-year decline in volumes at 86,196 units during the month of April.

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